dwallacefx
Long

crude oil - long

TVC:USOIL   CFDs on WTI Crude Oil
44 views
1
44 0
Here we can see price how the candlesticks are changing as price approaches the bullish trendline . These spinning top formations indicate buyers are moving into the market. Some traders may wait until price fully touches the trendline or the 71% retracement in order to take the trade but we can see that this area is also acting as a resistance (even though it has been depleted) for A. This coupled with price approaching the medium level demand zone (green box) could bring about the confidence for a trader to make the trade early.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out